BetMGM Iowa’s New Customer Offer Of Up To $1,050 Just Changed Your Weekend Plans

Written By Derek Helling on November 18, 2021

Week 11 of the NFL season starts tonight with a tilt in Atlanta between the Falcons and New England Patriots and while many Iowans are starting to plan their betting activity for the weekend, some new information might have just altered those designs. A new BetMGM Iowa promo code promises bonuses of up to $1,050 if you qualify.

The bonuses are a combination of a registration reward and a free bet. Qualifying for them is among the easiest things you’ll ever do.

$50 Free On Sign Up + $1,000 Risk Free Bet
1
$1,050 Bonus
New Customers Only
Exclusive Special
$50 Free On Sign Up
$1,000 Risk Free Bet
Use Bonus Code: PLAYBONUS50

How do I know if I qualify for this BetMGM Iowa promo code?

If you’ve ever taken advantage of a similar offer with another Iowa sports betting app, you’ll be familiar with the terms here. There are essentially three points of eligibility. None of them are rocket science, either.

First, you have to be at least 21 years of age. Iowa law requires that. Next, if you participate in the state’s gambling self-exclusion program, this deal isn’t for you. BetMGM won’t allow you to register an account if that’s the case.

Finally, if you’ve ever created an account with BetMGM in Iowa or any other jurisdiction before, this is off-limits. Iowa law says that each person can only have one account with each licensed sportsbook. That applies regardless of whether you’re a resident of the state or not.

BetMGM also has that policy to keep from handing out multiple welcome bonuses. If you’re good to go on all three points, signing up for an account is where you’ll need to get started. It’s also the only step to get $50 in credit on the app.

Get $50 in credit, no deposit necessary with BetMGM Iowa promo

If you haven’t already done so, go ahead and get the BetMGM Iowa app onto your Android or iOS device. Once it installs, open it up. You should see a prompt for registering your free account.

Follow the instructions in the app and provide all the necessary information. BetMGM needs to verify your eligibility and identity to bet on sports in Iowa in accordance with both federal and state laws.

At that point, you’ve done all you need to do to get $50 in credit in your account ledger. You can use that the same as you would real money on any market. Use it all at once, split it into 10 $5 wagers, it doesn’t matter.

The only thing you can’t do with it is withdraw it as winnings right away. You will need to successfully bet the credit before it becomes actual money. If you use it to place losing bets, well, it’s gone, but at the same time, you aren’t really out any cash.

Speaking of cash, that’s what you’ll need to get the free bet. Depending on your budget, that could be worth up to $1,000.

Decision time for your first wager

If you like, you can make a deposit into your BetMGM account once the app verifies your registration. BetMGM’s minimums and maximums are pretty suitable to any budget and the app accepts many forms of payment. Remember, though, that Iowa bans using credit cards to gamble.

Any amount you deposit will be available for your activity in the app in addition to the registration credit. That’s until you use both/either up, of course. To get the free bet, you’ll need to use the real money you deposited.

How much you deposit will somewhat determine the value of the free bet, so keep that in mind when you make your deposit. After the sportsbook verifies your first deposit, tap on over to the lines for whatever sports you want to bet on.

Your first real money wager, whether on the NFL, Iowa Hawkeyes, NBA, whatever, is the real determining factor in this offer, though. A hypothetical explains how to get the free bet best.

How the free bet bonus works with the BetMGM Iowa promo

Let’s suppose you deposit $100 of real money into your account, then decide to put half of that down on your first bet using actual cash this weekend. Just for the sake of example, let’s say you put $50 on the Kansas City Chiefs -2.5 at -115 odds against the Dallas Cowboys.

Should Kansas City win the game by at least three points, you’d get a payout of $93.48 (your $50 bet back plus $43.48 in profit). That would be the end of it, as only your first real money wager counts towards this deal.

If Dallas were to win outright or the Chiefs win but by two points or fewer, BetMGM would keep your $50 as normal. However, the sportsbook would then put a free bet worth $50 in your account.

That would essentially give you a second chance to make a profit on the $50 you staked. If you placed a winning wager with that free bet, it would essentially come out in the wash. There are some more things to note here.

Last little bits of housekeeping for this deal

The terms of this BetMGM Iowa promo code are pretty straightforward for the most part. Like with any other offer, the full conditions are available in the app. Some things to pay attention to include:

  • Wagers with odds shorter than -200 don’t count toward the free bet
  • Your free bet expires 30 days after issuance
  • You’re free to deposit and wager more than $1,000 if you like but that’s the maximum value of the free bet

As always, staying within your budget for sports betting is the best play you can make. If you were planning to bet with another sportsbook and haven’t yet tried BetMGM Iowa, though, this offer might have just changed your mind.

Derek Helling Avatar
Written by
Derek Helling

Derek Helling is a freelance journalist who resides in Chicago. He is a 2013 graduate of the University of Iowa and covers the intersections of sports with business and the law.

View all posts by Derek Helling